Assets turnover of the largest Russian manufacturers of plastic goods

Information Agency Credinform presents a ranking of the largest Russian manufacturers of plastic goods (except for manufacturers of plastic package). The largest enterprises of the industry (TOP-10) in terms of annual revenue were selected according to the data from the Statistical Register for the latest available periods (2015 and 2014). Then the companies were ranked by assets turnover ratio (Table 1).

Assets turnover (times) is the ratio of sales revenue and company’s average total assets for a period. It characterizes the effectiveness of using of all available resources, regardless the source of their attraction. The ratio shows how many times per year the full cycle of production and circulation is performed, generating the corresponding effect in the form of profit.

Taking into account the actual situation both for the economy in general and in industries, experts of the Information agency Credinform developed and realized in the Information and Analytical system Globas® calculation of actual values of financial ratios that can be normal for the particular industry. For plastic good manufacturers companies practical value of the net profit ratio in 2015 was from 1,47.

For the most full and fair opinion about company’s financial position not only the compliance with standard values, but the whole set of financial indicators and ratios should be taken into account.

Table 1. Net profit, revenue, assets turnover, solvency index Globas® of the largest Russian manufacturers of plaqstic goods (TOP-10)
Name , INN, region Net profit of 2015, mln RUB Revenue of 2015, mln RUB Revenue of 2015 to 2014, % Assets turnover, times Solvency index Globas®
LLC ALFATEKHFORM INN 7705195785 Moscow 183,2 4 226,6 30,2 3,50 196 High
LLC TEKHSTROI INN 7743944097 Moscow 47,3 6 076,1 218,3 1,93 212 High
LLC BIAXPLEN INN 5244013331 Nizhniy Novgorod region 1 887,3 18 619,0 52,7 1,79 204 High
D.O.O. JUTEKS RU INN 3315010390 Vladimir region 354,0 4 310,8 6,3 1,66 210 High
LLC POLYPLASTIC GROUP INN 5021013384 Moscow 1 130,6 21 334,7 5,4 1,57 193 The highest
JSC FOR MANUFACTURE OF FLOOR COVERING INN 6340007043 Samara region 683,0 16 034,7 -9,0 1,46 232 High
LLC DANAFLEX-NANO INN 1655177480 The Republic of Tatarstan 309,5 4 970,3 54,8 1,25 232 High
JSC Magna Tehnoplast INN 5256076921 Nizhniy Novgorod region 57,0 7 163,8 -12,6 1,24 260 High
LLC PENOPLEX SPB INN 7825133660 Saint Petersburg -1,7 9 105,1 19,1 1,22 274 High
LLC VEKA RUS INN 7728165949 Moscow 25,9 5 296,7 -6,2 1,18 245 High
Total for TOP-10 group of companies 4 676,0 97 137,8      
Total for TOP-500 group of companies 8 930,8 397 796,3      
Average value within group of TOP-10 companies 467,6 9 713,8 15,7 1,68  
Average value within group of TOP-500 companies 17,9 795,6 18,4 3,41  
Average value within industry 1,3 72,6 4,2 1,47  

In 2015 average values of the assets turnover ratio within TOP-10 and TOP-500 group of companies is higher than the practical value. Five companies from TOP-10 group have indicators that are lower than the practical values and another five have indicators higher than practical values (marked with green and yellow filling, correspondently, in Picture 1).

Picture 1. Assets turnover ratio and revenue of the largest Russian manufacturers of plastic goods (TOP-10) Picture 1. Assets turnover ratio and revenue of the largest Russian manufacturers of plastic goods (TOP-10)

Average industrial values of the assets turnover ratio (Picture 2) in general show macroeconomic situation decreasing during crisis periods.

Picture 2. Average industrial values of the assets turnover ratio of Russian manufacturers of plastic goods in 2006 – 2015 Picture 2. Average industrial values of the assets turnover ratio of Russian manufacturers of plastic goods in 2006 – 2015

All TOP-10 companies have got the highest or high solvency index Globas®, that shows their ability to meet their obligations in time and fully.

Five companies out of the TOP-10 group in 2015 decreased indicators of revenue or net profit (have loss) compared to the previous period (marked with red filling in the Table 1).

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